Market by Polymer Type, Application, and Geography | Forecast 2019-2028
Triton Market Research's report estimates that the global market for electric vehicle polymers, which was valued at $4.19 billion in 2019, to reach $47.14 billion by 2028, at a CAGR of 30.84% during the forecast period.
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The automobile industry has increased its adoption of polymers as manufacturers concentrate on producing lightweight vehicles and components. Moreover, the rise in the adoption of electric vehicles has made the role of polymers grow significantly. This has influenced auto manufacturers to opt for polymers, over metals, to develop lightweight and energy-efficient vehicles. As the automotive light-weighting design tactic is widely spread, it is implemented extensively by several manufacturers. Above all, it is gaining significance for reasons beyond emission reduction and fuel efficiency.
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Triton's report on the
electric vehicle polymers market offers a detailed insight into the industry.
The comprehensive study of the market includes key insights, Porter's five
forces analysis, market attractiveness index, vendor scorecard, the impact of
COVID-19 on the electric vehicle polymers market, and regulatory framework
related to electric vehicles.
The rising adoption of
electric vehicles, paired with its battery production requirements, is a major
factor creating demand for new raw materials such as advanced polymers in the
automotive industry. Electric car manufacturers have significantly increased
the use of polymers instead of metals to decrease the vehicles’ overall weight.
Due to their durability and capability to provide aesthetic appeal, polymers
are stated to be suitable for usage in a vehicle's interior components.
Additionally, their application also guarantees a reduction in harshness,
noise, and vibration levels of a vehicle, ensuring smooth functioning. The
engineering plastics and elastomers are the two commonly used polymers in the
internal components of a vehicle.
Furthermore, plastic fuel
tank usage in extended-range electric vehicles (E-REV) is anticipated to
provide a profitable opportunity to enhance the electric vehicle polymers
market growth. For instance, TI Automotive implemented the world's first
plastic fuel tank in Karma Automotive's E-REV. The focus of manufacturers on
electric vehicles is also expected to enhance the business of polymer
suppliers. Also, the strict regulations on vehicular emissions and advanced
technological innovations, like improvement in battery life and efficiency, are
directing the progress of electric vehicles. These factors are influencing the
growth prospects of the polymers in the market.
However, the
uncertainty in raw material prices and inadequate charging infrastructure are
hampering the studied market's growth. The surge in the cost of crude oil plays
a major role in the change in polymer prices. Thus, this fluctuation in raw
material prices hinders the progress of polymers required for the electric
vehicle market.
Key geographies covered in the global electric vehicle polymers
market are:
• North America: United States and
Canada
• Europe: United Kingdom, France,
Germany, Spain, Italy, Russia, and Rest of Europe
• Asia-Pacific: China, Japan, India,
Australia & New Zealand, South Korea, ASEAN Countries, and Rest of Asia-Pacific
• Latin America: Brazil, Mexico, and
Rest of Latin America,
• Middle East and Africa: Saudi Arabia,
Turkey, United Arab Emirates, South Africa, and Rest of Middle East &
Africa
The segmentation analysis of the electric vehicle polymers
market includes:
o Engineering
Plastics
• Acrylonitrile Butadiene Styrene (ABS)
• Polyamide (PA)
• Polycarbonate (PC)
• Polyurethane
(PU)
• Polypropylene (PP)
• Polyvinyl chloride (PVC)
• Polymethyl Methacrylate (PMMA)
• Polyethylene (PE)
• Other Engineering Plastics
o Elastomers
• Rubber
• Silicone Elastomer
• Fluoro elastomer
• Other Elastomers
o Other
Polymer Types
• Market by Application:
o Powertrain
o External
o Internal
Some of the major players in
the electric vehicle polymers industry include BASF SE, Celanese Corporation,
Elkem ASA, JSR Corporation, Lanxess AG, LyondellBasell Industries NV, Sumitomo
Chemical Company Limited, AGC Chemicals Americas Inc, Covestro AG, Saudi Basic
Industries Corporation (SABIC), China Sinopec (China Petrochemical
Corporation), Solvay SA, Evonik Industries AG, Asahi Kasei Corp, LG Chem Ltd,
Mitsubishi Chemical Corporation, Daikin Industries Ltd, DuPont, Arkema SA, and
Royal DSM NV.
Market Segmented By Type, Appl ..
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VIEW REPORT1. GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET -
SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. INCREASE
IN NUMBER OF MERGERS AND ACQUISITIONS
2.2.2. RISE
IN APPLICATION OF POLYMERS ON EXTERNAL BODY OF ELECTRIC VEHICLES
2.2.3. DEMAND
FOR POLYCARBONATE AND POLYPROPYLENE
2.3. IMPACT
OF COVID-19 ON ELECTRIC VEHICLE POLYMERS MARKET
2.4. PORTER’S
FIVE FORCES ANALYSIS
2.4.1. THREAT
OF NEW ENTRANTS
2.4.2. THREAT
OF SUBSTITUTE
2.4.3. BARGAINING
POWER OF BUYERS
2.4.4. BARGAINING
POWER OF SUPPLIERS
2.4.5. THREAT
OF COMPETITIVE RIVALRY
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. REGULATORY
FRAMEWORK ASSOCIATED WITH ELECTRIC VEHICLES
2.8. MARKET
DRIVERS
2.8.1. DEMAND
FOR HIGH-PERFORMANCE POLYMERS IN ELECTRIC VEHICLES
2.8.2. POLICIES
AND INCENTIVES TO ENCOURAGE ADOPTION OF ELECTRIC VEHICLES
2.9. MARKET
RESTRAINTS
2.9.1. UNCERTAINTY
OF RAW MATERIAL PRICES
2.10. MARKET OPPORTUNITIES
2.10.1. USE
OF PLASTIC FUEL TANK IN EXTENDED-RANGE ELECTRIC VEHICLES (E-REV)
2.10.2. GROWTH
IN ELECTRIC VEHICLE INDUSTRY
2.11. MARKET CHALLENGES
2.11.1. INADEQUATE
CHARGING INFRASTRUCTURE
3. GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET OUTLOOK - BY POLYMER TYPE
3.1. ENGINEERING
PLASTICS
3.1.1. ACRYLONITRILE
BUTADIENE STYRENE (ABS)
3.1.2. POLYAMIDE
(PA)
3.1.3. POLYCARBONATE
(PC)
3.1.4. POLYURETHANE
(PU)
3.1.5. POLYPROPYLENE
(PP)
3.1.6. POLYVINYL
CHLORIDE (PVC)
3.1.7. POLYMETHYL
METHACRYLATE (PMMA)
3.1.8. POLYETHYLENE
(PE)
3.1.9. OTHER
ENGINEERING PLASTICS
3.2. ELASTOMERS
3.2.1. RUBBER
3.2.2. SILICONE
ELASTOMER
3.2.3. FLUORO
ELASTOMER
3.2.4. OTHER
ELASTOMERS
3.3. OTHER
POLYMER TYPES
4. GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET OUTLOOK - BY APPLICATION
4.1. POWERTRAIN
4.2. EXTERNAL
4.3. INTERNAL
5. GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET - REGIONAL OUTLOOK
5.1. NORTH
AMERICA
5.1.1. MARKET
BY POLYMER TYPE
5.1.2. MARKET
BY ELASTOMERS
5.1.3. MARKET
BY ENGINEERING PLASTICS
5.1.4. MARKET
BY APPLICATION
5.1.5. COUNTRY
ANALYSIS
5.1.5.1. UNITED
STATES
5.1.5.2. CANADA
5.2. EUROPE
5.2.1. MARKET
BY POLYMER TYPE
5.2.2. MARKET
BY ELASTOMERS
5.2.3. MARKET
BY ENGINEERING PLASTICS
5.2.4. MARKET
BY APPLICATION
5.2.5. COUNTRY
ANALYSIS
5.2.5.1. UNITED
KINGDOM
5.2.5.2. GERMANY
5.2.5.3. FRANCE
5.2.5.4. SPAIN
5.2.5.5. ITALY
5.2.5.6. RUSSIA
5.2.5.7. REST
OF EUROPE
5.3. ASIA-PACIFIC
5.3.1. MARKET
BY POLYMER TYPE
5.3.2. MARKET
BY ELASTOMERS
5.3.3. MARKET
BY ENGINEERING PLASTICS
5.3.4. MARKET
BY APPLICATION
5.3.5. COUNTRY
ANALYSIS
5.3.5.1. CHINA
5.3.5.2. JAPAN
5.3.5.3. INDIA
5.3.5.4. SOUTH
KOREA
5.3.5.5. ASEAN
COUNTRIES
5.3.5.6. AUSTRALIA
& NEW ZEALAND
5.3.5.7. REST
OF ASIA-PACIFIC
5.4. LATIN
AMERICA
5.4.1. MARKET
BY POLYMER TYPE
5.4.2. MARKET
BY ELASTOMERS
5.4.3. MARKET
BY ENGINEERING PLASTICS
5.4.4. MARKET
BY APPLICATION
5.4.5. COUNTRY
ANALYSIS
5.4.5.1. BRAZIL
5.4.5.2. MEXICO
5.4.5.3. REST
OF LATIN AMERICA
5.5. MIDDLE
EAST AND AFRICA
5.5.1. MARKET
BY POLYMER TYPE
5.5.2. MARKET
BY ELASTOMERS
5.5.3. MARKET
BY ENGINEERING PLASTICS
5.5.4. MARKET
BY APPLICATION
5.5.5. COUNTRY
ANALYSIS
5.5.5.1. UNITED
ARAB EMIRATES
5.5.5.2. SAUDI
ARABIA
5.5.5.3. TURKEY
5.5.5.4. SOUTH
AFRICA
5.5.5.5. REST
OF MIDDLE EAST & AFRICA
6. COMPETITIVE
LANDSCAPE
6.1. AGC
CHEMICALS AMERICAS INC
6.2. ARKEMA
SA
6.3. ASAHI
KASEI CORP
6.4. BASF
SE
6.5. CELANESE
CORPORATION
6.6. CHINA
SINOPEC (CHINA PETROCHEMICAL CORPORATION)
6.7. COVESTRO
AG
6.8. DAIKIN
INDUSTRIES LTD
6.9. DUPONT
6.10. ELKEM ASA
6.11. EVONIK INDUSTRIES AG
6.12. JSR CORPORATION
6.13. LANXESS AG
6.14. LG CHEM LTD
6.15. LYONDELLBASELL INDUSTRIES NV
6.16. MITSUBISHI CHEMICAL
CORPORATION
6.17. ROYAL DSM NV
6.18. SAUDI BASIC INDUSTRIES
CORPORATION (SABIC)
6.19. SOLVAY SA
6.20. SUMITOMO CHEMICAL COMPANY
LIMITED
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 2: LIST OF FEW
MERGERS AND ACQUISITIONS IN ELECTRIC VEHICLES AND POLYMERS INDUSTRIES
TABLE 3: VENDOR
SCORECARD
TABLE 4: REGULATORY
FRAMEWORK - ELECTRIC VEHICLES
TABLE 5: OVERVIEW OF
POLICIES REGARDING EVs BY MAJOR COUNTRIES
TABLE 6: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMER TYPE, 2019-2028 (IN $ MILLION)
TABLE 7: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 8: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
TABLE 9: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 10: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY GEOGRAPHY, 2019-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 12: NORTH AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMER TYPE, 2019-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
TABLE 14: NORTH AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 15: NORTH AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 16: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 17: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMER TYPE, 2019-2028 (IN $ MILLION)
TABLE 18: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
TABLE 19: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 20: EUROPE
ELECTRIC VEHICLE POLYMERS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 21: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 22: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMER TYPE, 2019-2028 (IN $ MILLION)
TABLE 23: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
TABLE 24: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 25: ASIA-PACIFIC
ELECTRIC VEHICLE POLYMERS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 26: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY COUNTRY, 2019-2028 (IN $ MILLION)
TABLE 27: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMER TYPE, 2019-2028 (IN $ MILLION)
TABLE 28: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
TABLE 29: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
TABLE 30: LATIN AMERICA
ELECTRIC VEHICLE POLYMERS MARKET, BY APPLICATION, 2019-2028 (IN $ MILLION)
TABLE 31: MIDDLE EAST
AND AFRICA ELECTRIC VEHICLE POLYMERS MARKET, BY COUNTRY, 2019-2028 (IN $
MILLION)
TABLE 32: MIDDLE EAST
AND AFRICA ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMER TYPE, 2019-2028 (IN $
MILLION)
TABLE 33: MIDDLE EAST
AND AFRICA ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $
MILLION)
TABLE 34: MIDDLE EAST
AND AFRICA ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028
(IN $ MILLION)
TABLE 35: MIDDLE EAST
AND AFRICA ELECTRIC VEHICLE POLYMERS MARKET, BY APPLICATION, 2019-2028 (IN $
MILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY ENGINEERING PLASTICS, 2019-2028 (IN $
MILLION)
FIGURE 3: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY ACRYLONITRILE BUTADIENE STYRENE (ABS),
2019-2028 (IN $ MILLION)
FIGURE 4: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYAMIDE (PA), 2019-2028 (IN $ MILLION)
FIGURE 5: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYCARBONATE (PC), 2019-2028 (IN $
MILLION)
FIGURE 6: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYURETHANE (PU), 2019-2028 (IN $
MILLION)
FIGURE 7: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYPROPYLENE (PP), 2019-2028 (IN $
MILLION)
FIGURE 8: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYVINYL CHLORIDE (PVC), 2019-2028 (IN $
MILLION)
FIGURE 9: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYMETHYL METHACRYLATE (PMMA), 2019-2028
(IN $ MILLION)
FIGURE 10: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY POLYETHYLENE (PE), 2019-2028 (IN $
MILLION)
FIGURE 11: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY OTHER ENGINEERING PLASTICS, 2019-2028 (IN
$ MILLION)
FIGURE 12: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY ELASTOMERS, 2019-2028 (IN $ MILLION)
FIGURE 13: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY RUBBER, 2019-2028 (IN $ MILLION)
FIGURE 14: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY SILICONE ELASTOMER, 2019-2028 (IN $
MILLION)
FIGURE 15: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY FLUORO ELASTOMER, 2019-2028 (IN $ MILLION)
FIGURE 16: GLOBAL ELECTRIC
VEHICLE POLYMERS MARKET, BY OTHER ELASTOMERS, 2019-2028 (IN $ MILLION)
FIGURE 17: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY OTHER POLYMER TYPES, 2019-2028 (IN $
MILLION)
FIGURE 18: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY POWERTRAIN, 2019-2028 (IN $ MILLION)
FIGURE 19: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY EXTERNAL, 2019-2028 (IN $ MILLION)
FIGURE 20: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, BY INTERNAL, 2019-2028 (IN $ MILLION)
FIGURE 21: GLOBAL
ELECTRIC VEHICLE POLYMERS MARKET, REGIONAL OUTLOOK, 2019 AND 2028 (IN %)
FIGURE 22: UNITED
STATES ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 23: CANADA
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 24: UNITED
KINGDOM ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 25: GERMANY
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 26: FRANCE
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 27: SPAIN
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 28: ITALY
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 29: RUSSIA
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 30: REST OF
EUROPE ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 31: CHINA ELECTRIC
VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 32: JAPAN
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 33: INDIA
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 34: SOUTH KOREA
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 35: ASEAN
COUNTRIES ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 36: AUSTRALIA
& NEW ZEALAND ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 37: REST OF
ASIA-PACIFIC ELECTRIC VEHICLE POLYMERS MARKET
2019-2028 (IN $ MILLION)
FIGURE 38: BRAZIL
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 39: MEXICO
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 40: REST OF
LATIN AMERICA ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 41: UNITED ARAB
EMIRATES ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 42: SAUDI ARABIA
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 43: TURKEY
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 44: SOUTH AFRICA
ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $ MILLION)
FIGURE 45: REST OF
MIDDLE EAST & AFRICA ELECTRIC VEHICLE POLYMERS MARKET 2019-2028 (IN $
MILLION)